KBWD vs PFFA: Performance, Holdings, Fees & Risk
KBWD and PFFA are ETFs, but they can differ materially in exposure, yield, fees and risk. KBWD is Invesco KBW High Dividend Yield Financial ETF, while PFFA is Virtus InfraCap U.S. Preferred Stock ETF. PFFA is broader by holdings count, with 198 positions versus 40 for KBWD. PFFA has the lower expense ratio. Current AlgovestIQ evidence has KBWD ahead on AIQ Score, 52 versus 43.
What is the main difference between KBWD and PFFA?
PFFA holds 198 positions to KBWD's 40.
| Metric | KBWD | PFFA |
|---|---|---|
| Fund | ||
| Expense ratio | 5.39% | 2.11% |
| Holdings | 40 | 198 |
| Distribution yieldTrailing 12 months | 16.6% | 10.81% |
| Average volume | 498,131 | 913,884 |
| Performance | ||
| 1Y return | -22.7% | -11.2% |
| YTD return | -23.3% | -10.8% |
| 5Y annualized returnTotal return, distributions reinvested | -2.8% | +4.2% |
| Risk | ||
| Annualized volatility | 17.5% | 8.8% |
| Max drawdown (1Y) | -31.5% | -13.3% |
| Max drawdown (5Y)Total return, distributions reinvested | -30.7% | -22.7% |
| Beta | 0.67 | 0.41 |
| Sharpe ratio | -1.66 | -1.80 |
| Sortino ratio | -2.48 | -2.28 |
| AlgovestIQ | ||
| AIQ Score | 52/100 | 43/100 |
| AIQ Edge Score | 4/10 | 2/10 |
| Momentum | 25/100 | 25/100 |
| Risk Resilience | 64/100 | 84/100 |
AlgovestIQ AIQ Comparison
Invesco KBW High Dividend Yield Financial ETF vs Virtus InfraCap U.S. Preferred Stock ETF
KBWD leads
KBWD leads by 9 AIQ points, primarily on Value.
Fragile: 2 of 4 evidence groups support KBWD, and its current signal state is conflicted.
Invesco KBW High Dividend Yield Financial ETF
Virtus InfraCap U.S. Preferred Stock ETF
The Algovestiq AIQ Score currently favors KBWD over PFFA, 52 versus 43 as of Oct 21, 2026. KBWD's advantage is driven primarily by stronger value, while PFFA holds the stronger risk resilience profile. KBWD also shows the weaker technical structure relative to its 50-day moving average. 2 of 4 covered evidence groups favor KBWD today, and the comparison is rated Fragile on stability: only 2 of 4 covered evidence groups agree. KBWD lead: Stable — the AIQ differential has held near 9 points over 30 sessions.
Compare Invesco KBW High Dividend Yield Financial ETF and Virtus InfraCap U.S. Preferred Stock ETF across performance, expense ratio, dividend yield, drawdown, volatility and the Algovestiq AIQ Score.
KBWD vs PFFA: which fits what
Each row is settled by a single measure. Where the gap is too small to matter it reads Similar, and no row decides the comparison as a whole.
| If you want | KBWD | PFFA | Fits |
|---|---|---|---|
| Lower costExpense ratio | 5.39% | 2.11% | PFFA |
| Broader diversificationNumber of holdings | 40 | 198 | PFFA |
| Higher incomeTrailing 12-month distribution yield | 16.6% | 10.81% | KBWD |
| Smaller drawdownsMax drawdown, 5 years | -30.7% | -22.7% | PFFA |
| Lower volatilityAnnualized volatility, 1 year | 17.5% | 8.8% | PFFA |
Similar means the gap is within 0.01 percentage points of expense ratio, 25% more holdings, 3 points of top-10 weight, 0.2 points of yield, 2 points of drawdown or 1 point of volatility. Past drawdowns and volatility describe the funds’ history, not their future.
Performance over time
Total return with distributions reinvested, from daily closes for both ETFs.
Total return comparison
Growth of $10,000, distributions reinvested
Split-adjusted closes; each distribution is reinvested at the close on its ex-dividend date. Taxes and trading costs are not modeled.
Compare KBWD and PFFA against another ticker
Open a multi-ticker workspace without changing this focused pair page.
AIQ Factor Divergence
Where the two separate, on the four dimensions behind the AIQ Score. Bars read outward from a shared zero: further from the centre is a wider gap.
- Value73 vs 27KBWD +46
- Risk Resilience64 vs 84PFFA +20
- Quality46 vs 53PFFA +7
- Momentum25 vs 25Even
2 of 4 evidence groups favor KBWD. KBWD’s edge is concentrated in value; PFFA keeps a meaningful risk resilience edge.
What changed since the last close
Latest scored session 2026-10-20, compared against the prior scored session 2026-10-19.
Largest factor move: Value +1
No signal started or stopped since the prior session; its 7 active signals are unchanged.
No factor moved materially.
New signals
- RSI Oversold - Potential Bounce — bullish, momentum, short horizon
KBWD's lead widened by 1 AIQ point in the latest session.
Deeper signal detail for each name lives on its own signals page — KBWD and PFFA both carry a full feed there.
The central trade-off
KBWD (Invesco KBW High Dividend Yield Financial ETF): the stronger current systematic profile, led by value.
PFFA (Virtus InfraCap U.S. Preferred Stock ETF): the counter-case, on risk resilience, quality, technicals.
Fund facts, side by side
Two funds tracking overlapping universes are separated by cost and risk far more than by holdings. Those lead here.
| Measure | KBWD | PFFA | Why it matters |
|---|---|---|---|
| Expense ratio | 5.39% | 2.11% | Lower is better — it compounds against you every year you hold. |
| Holdings | 40 | 198 | More holdings means broader diversification, not better returns. |
| Average volume | 498,131 | 913,884 | Liquidity — matters most if you trade size. |
| Annualized volatility | 17.5% | 8.8% | Lower is a steadier ride for the same exposure. |
| Max drawdown (1Y) | -31.5% | -13.3% | The worst peak-to-trough loss over the past year. |
| Sharpe ratio | -1.66 | -1.80 | Return per unit of risk. Higher is better. |
| Beta | 0.67 | 0.41 | Sensitivity to the broad market. Neither direction is better — it depends on the role in your portfolio. |
Where the exposure actually sits
Sector exposure for each fund, ordered by the size of the difference.
KBWD vs PFFA: five-year payout growth
KBWD grew its split-adjusted payout faster over 2020-2025 — 1.85% a year against PFFA's 1.65%. PFFA never reduced its annual distribution in the window; KBWD did in 2 years. KBWD: The 2020 payout was 15.6% below 2019, so the growth rate measures a recovery from a weak starting year. PFFA: The 2020 payout was 28.8% below 2019, so the growth rate measures a recovery from a weak starting year.
| Dividend metric | KBWD | PFFA |
|---|---|---|
| 5Y payout CAGR | 1.85% | 1.65% |
| 2020 annual payout | $1.600 | $1.880 |
| 2025 annual payout | $1.754 | $2.040 |
| Calendar-year declines | 2 | 0 |
| Peer rank | #29 of 33 | #122 of 138 |
Split-adjusted annual distributions, 2020–2025. Research as of Sep 19, 2026. Yield and expense ratio above are current values, not part of this window.
AIQ Agreement Matrix
2 of 4 covered evidence groups favor KBWD. A wide gap backed by one group is a weaker case than a narrow gap backed by five.
| Evidence group | Favors | Reading |
|---|---|---|
| AIQ Score | KBWD | 52 vs 43 |
| Fundamentals | Not covered | Not covered |
| Valuation | KBWD | Value 73 vs 27 |
| Technicals | PFFA | Price vs 50-day -12.9% vs -6.9%; vs 200-day -18.8% vs -8.9% |
| Risk Resilience | PFFA | Risk Resilience 64 vs 84 |
| Analyst expectations | Not covered | Not covered |
✓ agrees with the overall verdict · ✕ points the other way. Groups marked “not covered” lack data on one or both of KBWD and PFFA and are excluded from the count.
AIQ Decision Stability
The conclusion is sensitive to small changes. Treat the lead as provisional and watch the flip conditions below.
- The AIQ gap is moderate at 9 points.
- Only 2 of 4 covered evidence groups agree. (argues the conclusion is provisional)
- The lead has been steady session to session. (supports the conclusion holding)
- The leader is throwing conflicting signals. (argues the conclusion is provisional)
Stability combines the score gap, how broadly the evidence agrees, how steady the lead has been across daily snapshots, the current signal state on both names, and analyst dispersion on KBWD.
How the comparison changed
41 daily snapshots · Sep 8 – Oct 20KBWD lead: Stable — the AIQ differential has held near 9 points over 30 sessions.
- Today
- KBWD +9
- 52 vs 43
- 7 sessions ago
- KBWD +9
- 52 vs 43
- 30 sessions ago
- KBWD +9
- 52 vs 43
- 90 sessions ago
- Not covered
The lead has not changed hands in this window.
AIQ Signal Divergence
Only the signals that bear on the head-to-head. A conflicted name is carrying bullish and bearish rules at the same time — the technical evidence is not pointing one way.
1 bullish / 5 bearish / 1 neutral, conflicted
No signal that the other name lacks.
1 bullish / 5 bearish / 2 neutral, conflicted
Only PFFA
- ATR Contraction - Coiling — neutral, volatility, short horizon (1.06%)
Both carry 7 more signals that do not separate them: Bollinger Band Squeeze, Death Cross Active, Keltner Channel Breakdown, RSI Oversold - Potential Bounce, 52-Week Low Proximity, Downtrend Structure Active, MACD Bearish Crossover.
KBWD leads the comparison while carrying a conflicted signal state, which is one reason the stability rating is not higher.
Price vs model alignment
Whether the latest session's price move confirms what the model did over the same session, or contradicts it.
Price is down while the AIQ Score moved up 1 points over the same session — price and model disagree (price -0.39%, AIQ +1 points).
Neither the price nor the AIQ Score moved enough in the latest session to confirm or contradict the other (price -0.79%, AIQ 0 points).
What would flip this result
A state, not a forecast. These are the specific, observable changes that would reverse the verdict — not a price prediction.
- 1PFFA closes the Value gap — currently 46 points behind, the largest single contributor to KBWD's edge.
- 2PFFA's Death Cross Active resolves — a bearish trend rule currently active against it.
- 3KBWD's conflicting signal state resolves bearish — it currently carries 1 bullish and 5 bearish rules at once.
- 4A regime shift changes factor weighting — Quality and Value carry the heaviest weights in the composite, so a rotation toward either would move the result most.
The full evidence
Every number behind the verdict. The leader is called above each group so you are not left to solve it from the table.
Performance
PFFA leads 6 of 6 windows| Metric | KBWD | PFFA |
|---|---|---|
| 1 week (5 sessions) | -2.7% | -1.6% |
| 1 month (20 sessions) | -12.5% | -6.6% |
| 3 months (63 sessions) | -15.6% | -7.4% |
| 6 months (126 sessions) | -21.9% | -10.4% |
| Year to date | -23.3% | -10.8% |
| 1 year (252 sessions) | -22.7% | -11.2% |
Technicals
PFFA has the stronger structure| Metric | KBWD | PFFA |
|---|---|---|
| RSI (14) | 28.9 | 25.2 |
| ADX (14) | 53.4 | 41.6 |
| Price vs 50-day | -12.9% | -6.9% |
| Price vs 200-day | -18.8% | -8.9% |
| Volatility (1M, annualized) | 22.1% | 9.6% |
Risk
PFFA is the more resilient| Metric | KBWD | PFFA |
|---|---|---|
| Beta | 0.67 | 0.41 |
| Sharpe ratio | -1.66 | -1.8 |
| Sortino ratio | -2.48 | -2.28 |
| Max drawdown | -31.5% | -13.3% |
| Current drawdown | -30.3% | -13.3% |
| Annualized volatility | 17.5% | 8.8% |
| Value at risk (95%) | -1.9% | -1.1% |
Straight answers
Short answers to the questions fund investors ask about this pair, from the figures above.
What is the difference between KBWD and PFFA?
PFFA holds 198 positions to KBWD's 40.
Which ETF is more diversified, KBWD or PFFA?
PFFA holds more positions: 198 versus 40 for KBWD.
Which has the lower expense ratio?
PFFA has the lower expense ratio, 2.11% a year against 5.39% for KBWD.
Which ETF has the higher distribution yield?
KBWD, with a trailing 12-month distribution yield of 16.6% against 10.81% for PFFA.
Which ETF has been more volatile?
KBWD has been more volatile over the past year, at 17.5% annualized against 8.8% for PFFA.
Which ETF has had the smaller drawdown?
PFFA fell less from peak to trough over the past five years: -22.7% against -30.7% for KBWD.
Compare KBWD and PFFA with others
Continue your research
This page answers which of the two. These answer the questions on either side of it.
How this comparison is scored
The Algovestiq AIQ Score composites four factors — Quality, Value, Momentum and Risk, each carrying a fixed weight. Sentiment is reported separately as SentimentPulse and is not folded into the composite. Scores refresh every trading day, and this page regenerates from the latest snapshot rather than being written once.
The verdict names a leader, states how broadly six independent evidence groups agree, and rates how durable that conclusion is given the score gap, its recent trajectory and the current signal state on both names.
How to use side-by-side comparison →This comparison is informational and educational, not investment advice. AIQ scores update daily; re-check after earnings, guidance or macro data that materially changes either name’s factor profile.